You can just smell it in the air: It smells of rich mahogany and bits of panther. It's quite pungent. It stings the nostrils.

It's kind of a big deal.

Will Ferrell popped by the "Conan" show as Ron Burgundy, his lady-lovin’, jazz-flute playing newsman character on “Anchorman,” to announce that there will be a sequel to movie.

He strutted out in a burgundy (hee!) suit and white shoes with that gorgeous man hair “playing” the jazz flute. The crowd went wild.

“Hello, Conan. Hello, Andy. I like to keep my chops up. Jam with the cats here,” he said, turning to the band. “Maybe smoke a little ‘tea’ afterwards, see if a little backstage cutie ends up on my lap.”

Knowing a thing or two about classy hair and taking the ladies to the “gun show,” he took a few jabs at Conan.

“I’ve got one small criticism and it’s something only a professional like me would notice. But Conan, you look awful!” he said. “You look like someone put a bright red fright wig on a skeleton … and chucked it out of a helicopter.”

“Yes, I’m being kind right now,” he said in classic Burgundian fashion. “That comes from the heart.”

Conan replied, “You came on my show to play the flute and insult me?”

“No. I actually have an announcement,” he said. “As of oh-nine-hundred mountain time, Paramount Pictures and myself, Ronald Joseph Aaron Burgundy, have come to terms on a sequel to ‘Anchorman.’”

There are so many questions: Will Veronica Corningstone (Christina Applegate) be back? Will anchor rivals Wes Mantooth (Vince Vaughn) and the evening news team still be around, or find themselves victims of the recession? Will Brick (Steve Carell) be in prison after killing a man with a trident? Who will do the weather … and love lamp?

But one thing we know for sure, the streets will once again run with Ron Burgundy’s jokes!

Stay classy, San Diego.

And here, for your listening pleasure, is "Afternoon Delight." If you don't think it's the best song ever, I will fight you.